Buy Now Or Wait?

Posted by Courtney King on Friday, March 12th, 2021 at 11:50am

We hear this a lot in the current market; however, I have heard it for over 20 years just the same. This is a snapshot of the real estate market in the Bozeman area since 2003 so you can analyze the data and make your own decision if you should wait or buy now? We don't have a crystal ball to know when there will be a significant event like 911 or the pandemic that may change any forecasts any expert may make. You will see in the data below when the recession happened that reset our market as well as how the market bounced back and continued to grow at a steady rate. What we are experiencing now are unprecedented growth and interest rates from the economic rule of Supply & Demand - low inventory with high demand causes the increase in price.

 

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